Paul Volcker: Don't Understand Why US Pays Banks To Park MoneyWASHINGTON, Sept 20 (Reuters) - The Federal Reserve's policy of paying banks interest on money parked at the U.S. central bank is at odds with its latest efforts to stimulate economic growth, former Fed Chairman Paul Volcker said. The Fed last week ...
Notable & QuotableIncreases in real interest rates as the economy expands, [Paul] Volcker's medicine during the 1980s, can preserve investor confidence by restraining private spending and by persuading Congress to legislate a balanced budget.
Paul Volcker on Greedy Bankers, the Ryan Plan, and the FedWhen Paul Volcker speaks, Republicans and Democrats, labor and business, listen. The former Federal Reserve chair consented to a rare and exclusive interview with Leslie H. Gelb, a frequent columnist for Newsweek and The Daily Beast.
FDIC's Gruenberg says regulators on-track to finalize Volcker Rule by 2013The Volcker Rule, named after Paul Volcker, the former chairman of the Federal Reserve, is mandated under the 2010 Dodd-Frank Act and prohibits banks from engaging in proprietary trading.
Central Bankers Can Thank Paul Volcker's Love For Fly-Fishing For The ...That's when they set their sights on Paul Volcker, then chairman of the Federal Reserve in Washington. They decided to pursue Volcker by dangling the prospect of one of his favorite pastimes: fly-fishing.
Making the Most Of Golden YearsGeorge Mitchell, Peter Peterson, Paul Volcker and Muriel Siebert convened at the 92nd Street Y on Thursday night for the first in a new series with Mount Sinai Hospital entitled "Relevant Octogenarians.
Fishing for compliments?If Paul Volcker had not been such an enthusiast for fly-fishing, would we have ever heard of Jackson Hole? Chances are not.
The Volcker Rule Must Stop Speculation: CFTC's ChiltonThe Volcker Rule, named after former Fed Chairman Paul Volcker aims to limit banks' proprietary trading, "should be clear and concise and common sense to reflect what the banks are actually doing so they can trade the propriety risk," Chilton said ...
Bernanke Reverses Policy of Volcker, In Bid To Finance Obama's Tax, Spending ...About thirty years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy, and cared not one wit about rising interest rates.
Paul Volcker, Regulation Icon, Freed Fannie Mae From OversightPaul Volcker, the former Federal Reserve chairman and a great proponent of new bank regulations, was a key enabler in the rise and eventual collapse of Fannie Mae (OTC: FNMA), the government-sponsored enterprise focused on mortgage financing, ...
Volcker says the US needs a compumption taxEverybody loves former Fed governor Paul Volcker. He spoke with Newsweek about the challenges for the US economy. He talked about regulation and central banking but he also had some comments about taxes, saying that any plan that doesn't raise US ...
Volcker rule on track for completion by year-endThe Volcker rule, named for former Federal Reserve Chairman Paul Volcker, was mandated by the 2010 Dodd-Frank Act and is aimed at preventing banks that receive government backstops like deposit insurance from taking risky bets for their own gain.
Volcker Restored Fed's Credibility on InflationFederal Reserve Chairman Paul Volcker sounded like James Bond during a telephone conference call with members of the FOMC on Friday, Oct. 5, 1979.
How Volcker Created a Gold Standard Without Gold14, 1979, a week after he took office as chairman of the Federal Reserve, Paul Volcker led his first meeting of the Federal Open Market Committee.
Volcker rule on track for completion by year-end: FDIC chiefThe Volcker rule, named for former Federal Reserve Chairman Paul Volcker, was mandated by the 2010 Dodd-Frank Act and is aimed at preventing banks that receive government backstops like deposit insurance from taking risky bets for their own gain.
Lessons From The Past: What Paul Volcker Said In 1984It's from a speech Paul Volcker gave in 1984: Industrial nations, including our own, nowadays rely heavily - sometimes too heavily - on their central banks and on monetary policy to achieve our economic goals: to promote growth and employment, to blunt ...
Paul VolckerALAN GREENSPAN may be the most famous central banker of the modern era, but Paul Volcker has been the most influential. He played a crucial diplomatic role during the death of the Bretton Woods financial system in the early 1970s, which severed the ...
Volcker Rule on Track for Completion by Year-EndThe Volcker rule, named for former Federal Reserve [cnbc explains] Chairman Paul Volcker, was mandated by the 2010 Dodd-Frank Act and is aimed at preventing banks from taking risky bets for their own gain rather than on behalf of their customers.
Plan to split UK banks 'goes too far' says former Fed chairmanPaul Volcker claimed the UK's proposals to ringfence retail banks from their speculative trading divisions go even further than calls to re-introduce American laws established in the Great Depression, which he said would have been "probably not desirable".
Kudlow: Obamanomics Has Failed DismallyAbout 30 years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy and cared not one wit about rising interest rates.